Schwab Adds SpaceX to Its Large-Cap Value ETF

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Schwab has added Space Exploration Technologies to its U.S. Large-Cap Value ETF, a fund that manages more than $15 billion in assets and traditionally holds mature, cash-generating companies. The position represents just 0.012% of the SCHV portfolio, giving value-focused investors a small exposure to the newly public aerospace and satellite giant. SpaceX completed the largest IPO ever on June 11, 2026, pricing 555.6 million shares at $135 each, and its market cap is around $2.2 trillion. Despite trading at 125.33 times sales and posting a first-quarter 2026 operating loss of $1.9 billion on revenue of $4.7 billion, the company's substantial cash flows from its Starlink business and dominant launch-market position appear to have met the index provider's value criteria. Analysts hold a consensus Moderate Buy rating on the stock, with price targets ranging from $115 to $190.

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